Brilliant Solutions

Mortgage Product Update

Product Blast w/e 31 Jul

Update Overview

LTVs steady but rates are still creeping up as lenders continue to fail to manage volumes through re-pricing or look for margin.

Residential Mortgages

LENDER CHANGE DETAIL MORE
Accord CHANGES Rate increases and product withdrawals but larger loans now available at high LTVs
Barclays CHANGES LIMITS IMPOSED
Halifax INCREASES Rates up for anything over 80% LTV.
Melton CHANGES PT's enhanced for intermediaries.
Nationwide INCREASES Rates up at 85% again.
Skipton INCREASE 85% 2yr and 5yr fix rates up.
TSB CHANGES Rate increases on 2 and 5yr fixed and some withdrawals in high LTV.
Virgin INCREASES Increase in rates on 65% LTV 5yr Fix. Products Withdrawn.

Buy to Let Mortgages

Text summary to be inserted.

LENDER CHANGE DETAIL MORE
BM Solutions CHANGES Minor changes, mostly rate increases.
Fleet CHANGES Updated details on product range
Leeds INCREASES Rates up
Foundation NEW 80% BTL and EXCLUSIVES.
Melton WITHDRAWN Withdrawn consumer BTL, introduced holiday let and business BTL
TML NEW Reduced completion fees on a very competitive BTL range.
TMW CHANGES 10yr Fixed withdrawn. Ltd Co rates up.
Virgin INCREASED BTL rate increases

Secured Loans, Bridging & Development, Commercial Mortgages

LENDER CHANGE TYPE DETAIL MORE
UTB NEW Secured Loan Improved unsecured credit criteria
Shawbrook NEW Secured Loans 85% LTV for employed and self-employed

This sector sees little in the way of genuine product rate changes and updates.  Contact us for further information. 

Contact us on [email protected] or complete the form below, & we will add you to the list for this campaign only.  See our Use of Information Policies & our Terms of Business the which are available on our policies page.





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